Limited (NYSE: BB) used to be a big deal. The Canadian giant of the early smartphone market once had an $83 billion market cap, generating as much as $20.6 billion of annual sales.

Refocusing on cybersecurity services and connected-car software, BlackBerry enjoyed a brief recovery in 2019 and 2020. Unfortunately, BlackBerry's trailing sales are now down by 40% in five years and its stock is worth just $1.4 billion today.

The stock has fallen 66% in the last five years, or an average annual loss of 19.4%. Let's say BlackBerry can stabilize a bit and the stock only drops 15% per year over the next half a decade. In this scenario, it would be worth roughly $600 million in the late summer of 2029.

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Source Fool.com